China Tea and Tea-Based Beverages Market Share 2019 Growth Challenges, Opportunities and Future Trends 2025
China tea and
tea-based beverages market was valued at around $11.6 billion in 2018, which is
further estimated to reach around $17.6 billion in 2025 at a CAGR of 6.1%
during the forecast period. China is the largest producer and consumer of tea
all across the globe. Due to this, the region has the largest market share
during the forecast period. China is the largest tea producer globally. As per
the International Tea Committee, around 2.6 million tons of tea was produced in
the country in 2018 as compared to 2.4 million tons in 2017. China's Ministry
of Agriculture and Rural Affairs, around 115 million people are employed in the
tea industry in the country out of which around 80 million are tea
farmers.
In 2018, the
planting area of tea in the country was 2.9 million hectares, which accounts
for 60% of the global planting area. Tea is produced mostly in provinces
towards the south and east region of the country as the climate is humid and
ranges from tropical to subtropical. A large portion of tea is consumed in the
country. Due to this, only around 10-20% of the tea production is exported
every year which generates an export value of $1.6 billion.
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The original
Chinese tea is called Camellia sinensis. The tea in the country can be divided
into six basic types of inducing green tea, white tea, yellow tea, oolong tea,
black tea, and dark tea. The tea industry in China is a fragmented market as
the country has around 70,000 tea companies. However, there is no international
renowned Chinese brand in the tea market, which is a major concern for the
Chinese government. It is due to that lack of brand power reduces the margin
and profitability in the international market.
The China tea and
tea-based beverages market is segmented on the basis of type, format, and
nature. On the basis of type, it is segmented into green tea, black tea, oolong
tea, and herbal tea. Furthermore, based on format, it is divided into
ready-to-drink (RTD), loose tea powder, and tea bags.
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China Tea &
Tea-Based Beverages Market Segmentation
By Type
· Green
Tea
· Black
Tea
· Oolong
Tea
· Herbal
Tea
By Format
· Ready-to-Drink
· Loose
Tea Powder
· Tea Bags
By Nature
· Organic
· Conventional
Company Profiles
· Associated
British Foods PLC
· Bettys
& Taylors Group Ltd.
· COFCO
Group
· Tata
Global Beverages
· McLeod
Russel India, Ltd
· Nestlé
S.A.
· Organic
India Pvt. Ltd.
· R.Twining
and Co., Ltd.
· Starbucks
Corp.
· Unilever
Group
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